Created
November 21, 2023 15:03
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MACD w/ Stop EMA [iCodeForBananas]
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| //@version=5 | |
| strategy("MACD w/ Stop EMA [iCodeForBananas]", overlay=true, initial_capital = 5000, default_qty_value = 10, pyramiding = 0, default_qty_type= strategy.percent_of_equity, slippage=1, process_orders_on_close=true) | |
| fastlen = input(4, 'Fast length', group = 'Entry') | |
| slowlen = input(10, 'Slow length', group = 'Entry') | |
| siglen = input(4, 'Signal length', group = 'Entry') | |
| trailStopMALength = input(200, 'Trail stop EMA length', group = 'Exit') | |
| trailStopQtyPercent = input(100, 'Stop quantity %', group = 'Exit') | |
| [macdLine, signalLine, histLine] = ta.macd(close, fastlen, slowlen, siglen) | |
| trailStopMA = ta.ema(close, trailStopMALength) | |
| longEntryCondition = ta.crossover(macdLine, signalLine) | |
| longExitCondition = ta.crossunder(close, trailStopMA) | |
| if (longEntryCondition) | |
| strategy.entry("LE", strategy.long) | |
| if (longExitCondition) | |
| strategy.close('LE', 'LX', qty_percent = trailStopQtyPercent) | |
| plot(trailStopMA, linewidth = 1, color = color.red) |
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